RE:SHORTS ARE UP 25,000 AS OF MAY 15Kegman, happy to learn that you are back in the green and have greatly reduced your risk.
One of the many reasons I got out was my fear of Victoria greatly diluting the shares o/s to takeover Banyan. Banyan is a decade away from producing gold (if ever) and will require a billion dollars to put it into operation.
McConnell assured his audience at the recent presentation in Germany that he wouldn't let anyone else takeover Banyan. That's a kiss of death to current BYN shareholders who were hoping for a takeover from another company. No chance of that happening now.
Banyan's value to VGCX shareholders would have been the from a takeover from someone else where they could monetize their 11% interest and maybe eventually capitalize on the 6% royalty it holds.